{"id":26391,"date":"2018-05-03T11:41:43","date_gmt":"2018-05-03T06:11:43","guid":{"rendered":"http:\/\/www.icmarkets.com\/blog\/?p=26391"},"modified":"2018-05-03T11:42:40","modified_gmt":"2018-05-03T06:12:40","slug":"thursday-3rd-may-asian-markets-mixed-following-us-weakness","status":"publish","type":"post","link":"https:\/\/ic-cn-asia.com\/blog\/thursday-3rd-may-asian-markets-mixed-following-us-weakness\/","title":{"rendered":"Thursday 3rd May:  Asian markets mixed following US weakness"},"content":{"rendered":"<h4>\n\t<span style=\"font-size:14px;\"><strong>Global Markets:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">Asian Stock Markets :&nbsp; Shanghai Composite up 0.77%, Hang Seng down 1.01%, ASX up 0.76%<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Commodities : Gold at $1309.40 (+0.29%), Silver at $16.43 (+0.31%), WTI Oil at $73.22 (-0.19%), Brent Oil at $67.86 (-0.10%)<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Rates : US 10-year yield at 2.968, UK 10-year yield at 1.456, Germany 10-year yield at 0.580<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>News &amp; Data:<\/strong><\/span><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Building Approvals m\/m 2.60% vs 1.10% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(AUD) Trade Balance 1.53B vs 0.68B expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Federal Funds Rate &lt;1.75% vs &lt;1.75% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) Crude Oil Inventories 6.2M vs 1.0M expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(USD) ADP Non-Farm Employment Change 204K vs 200K expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(EUR) Prelim Flash GDP q\/q 0.40% vs 0.40% expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(GBP) Construction PMI 52.5 vs 50.5 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">(CNY) Caixin Manufacturing PMI 51.1 vs 50.9 expected<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">Cambridge Analytica and Scl Elections Commence Insolvency Proceedings and Release Results of Independent Investigation into Recent Allegations<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">NZ commodity prices rise in April on gains in dairy, aluminium<\/span>\n\t<\/li>\n<\/ul>\n<h4>\n\t<span style=\"font-size:14px;\"><strong>Markets Update:<\/strong><\/span><br \/>\n<\/h4>\n<p>\n\t<span style=\"font-size:14px;\">Asia equities trading mixed in today&rsquo;s trade following overnight US weakness. Press indicated momentum would be subdued as participants digest the FOMC meeting, though there were no major surprises. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size:14px;\">Regional focus remains on the US-China trade talks as US Treasury Secretary Mnuchin arrived in Beijing today. S&amp;P futures little changed in the night session. Dollar softer, crude oil partially gave back earlier gains, while gold moderately higher.<\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">Hang Seng opened sharply lower amid ongoing concerns about trade tensions, while mainland China is trading moderately negative. ASX 200 is outperforming the region on the back of materials strength, while banks are mostly higher. <\/span>\n<\/p>\n<p>\n\t<span style=\"font-size: 14px;\">KOSPI faded after briefly turning positive amid uncertainties about US monetary policy and foreign net selling. Japan will be closed for the rest of the week for the Golden Week holidays. News flow generally dominated by earnings reports. Australian data impact was limited.<\/span>\n<\/p>\n<h4>\n\t<strong style=\"font-size: 14px;\">Upcoming Events:<\/strong><br \/>\n<\/h4>\n<ul>\n<li>\n\t\t<span style=\"font-size:14px;\">07:00 AM GMT &#8211; (EUR) Spanish Unemployment Change<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">08:30 AM GMT &#8211; (GBP) Services PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 AM GMT &#8211; (EUR) CPI Flash Estimate y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">09:00 AM GMT &#8211; (EUR) Core CPI Flash Estimate y\/y<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (CAD) Trade Balance<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (USD) Prelim Nonfarm Productivity q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (USD) Prelim Unit Labor Costs q\/q<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">12:30 PM GMT &#8211; (USD) Unemployment Claims<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">02:00 PM GMT &#8211; (USD) ISM Non-Manufacturing PMI<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\">04:00 PM GMT &#8211; (CHF) SNB Chairman Jordan Speaks<\/span>\n\t<\/li>\n<li>\n\t\t<span style=\"font-size:14px;\"><span style=\"font-size:14px;\"><a href=\"https:\/\/www.icmarkets.com\/education\/forex-news-and-calendar\/\" style=\"margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; font-size: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; color: rgb(0, 0, 0); text-decoration-line: none; outline: 0px;\">&amp;more&hellip;<\/a><\/span><\/span>\n\t<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: Asian Stock Markets :&nbsp; Shanghai Composite up 0.77%, Hang Seng down 1.01%, ASX up 0.76% Commodities : Gold at $1309.40 (+0.29%), Silver at $16.43 (+0.31%), WTI Oil at $73.22 (-0.19%), Brent Oil at $67.86 (-0.10%) Rates : US 10-year yield at 2.968, UK 10-year yield at 1.456, Germany 10-year yield at 0.580 News &hellip; <a href=\"https:\/\/ic-cn-asia.com\/blog\/thursday-3rd-may-asian-markets-mixed-following-us-weakness\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Thursday 3rd May:  Asian markets mixed following US weakness<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":25968,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-26391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/comments?post=26391"}],"version-history":[{"count":2,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26391\/revisions"}],"predecessor-version":[{"id":26393,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/posts\/26391\/revisions\/26393"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media\/25968"}],"wp:attachment":[{"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/media?parent=26391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/categories?post=26391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ic-cn-asia.com\/blog\/wp-json\/wp\/v2\/tags?post=26391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}